IRCTC Initial Public Offer Subscribed More Than Three Times On Day 2 ndtv.com

IRCTC's initial public offer (IPO) was subscribed more than three times at the end of Tuesday, its second day of issue. IRCTC or Indian Railway Catering and Tourism Corporation – the online ticketing arm of the Indian Railways – plans to raise up to Rs. 645 crore through the IPO, which opened for subscription on Monday and will close on Thursday, October 3. The financial markets remained shut on Wednesday, October 2 for Mahatma Gandhi Jayanti, trading will resume the next day. (Also read: Should You Invest In IRCTC IPO?)
IRCTC IPO Subscription Status
At the end of trade on Tuesday, bids for 6.56 crore shares were received as against the total 2.02 crore shares on offer under the IRCTC IPO, data from the National Stock Exchange till 5:30 pm showed. That marked a subscription of 325 per cent.